What is a journal entry in accounting?

What is a journal entry? A journal entry in accounting is how you record financial transactions. To make a journal entry, you enter the details of a transaction into your company’s books. In the second step of the accounting cycle, your journal entries get put into the general ledger.

What is a bookkeeping journal?

Bookkeeping journals are where a business records its daily financial transactions in date order showing which accounts to debit or credit with journal entries. This is much like personal journals in which people record the events that happen in their life in date order. Bookkeeping journals also go by the name of:-

How can I learn about bookkeeping journals?

The best way to learn about bookkeeping journals is to look at a variety of different journal entries examples and to practice entering them, which you can do using the journal template in Excel which is free to download, see below. This Excel workbook has two sheets, one for income and one for expenses. Download the template and open it.